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![ITAT Rejects Cooperative Banks Bad Debt Reserve Claim u/s 36(1)(viia), Allows FD Loss as Business Expense [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Surat-Income-Tax-Appellate-Tribunal-Section-361viia-of-Income-Tax-Act-taxscan.jpg "ITAT Rejects Cooperative Banks Bad Debt Reserve Claim u/s 36(1)(viia), Allows FD Loss as Business Expense [Read Order]")
ITAT Rejects Cooperative Bank's Bad Debt Reserve Claim u/s 36(1)(viia), Allows FD Loss as Business Expense [Read Order]
The Surat Bench of the Income Tax Appellate Tribunal ( ITAT ), in a recent ruling, rejected a cooperative bank's claim of bank debt reserves under...
![Finance Ministry Notifies Special Courts for Black Money and Income Tax Cases in Tamil Nadu and Puducherry [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/12/Tamil-Nadu-Black-Money-Cases.jpg "Finance Ministry Notifies Special Courts for Black Money and Income Tax Cases in Tamil Nadu and Puducherry [Read Notification]")
![No Double Taxation for being Covered under GST RCM: Karnataka HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/No-Double-Taxation-Covered-GST-RCM-Karnataka-HC-taxscan.jpg "No Double Taxation for being Covered under GST RCM: Karnataka HC [Read Order]")
Article 226 not Applicable for Resolving Private Disputes Over Released Goods by Customs Dept: Madras HC [Read Order]
Article 226 of the Constitution of India is not applicable for resolving the private disputes over the released goods by the customs department, ruled the Madurai bench of Madras High Court. The...
![Article 226 not Applicable for Resolving Private Disputes Over Released Goods by Customs Dept: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Resolving-Private-Disputes-Customs-Dept-Madras-HC-Madras-High-Court-Constitution-of-India-Madurai-bench-of-Madras-High-Court-court-High-Court-civil-remedies-for-resolution-Taxscan.jpg "Article 226 not Applicable for Resolving Private Disputes Over Released Goods by Customs Dept: Madras HC [Read Order]")
![CBIC extends GSTR-3B Filing Due Date for Murshidabad, West Bengal [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/12/CBIC-GSTR-3B-Filing-Due-Date-Murshidabad-West-Bengal-taxscan.jpg "CBIC extends GSTR-3B Filing Due Date for Murshidabad, West Bengal [Read Notification]")
ITAT Reduces Penalty to Rs 10,000 for Non-Response to Notices, Citing Assessee's Depression and Business Loss [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal ( ITAT ) reduces the penalty levied upon the appellant by Commissioner of Income Tax (Appeals). Jayasakthi Knit Wear,appellant-assessee...
![ITAT Reduces Penalty to Rs 10,000 for Non-Response to Notices, Citing Assessees Depression and Business Loss [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Chennai-Income-Tax-Appellate-Tribunal-ITAT-Penaty-Reduction-case-taxscan.jpg "ITAT Reduces Penalty to Rs 10,000 for Non-Response to Notices, Citing Assessees Depression and Business Loss [Read Order]")
ITAT sets aside CIT(A) Order for Violating Natural Justice, Directs Fresh Adjudication u/s 250(6) [Read Order]
Chennai Bench of the Income Tax Appellate Tribunal (ITAT) set aside the order passed by the Commissioner of Income Tax (Appeals) for the assessment years 2018-19 to 2020-21, noting that the...
![ITAT sets aside CIT(A) Order for Violating Natural Justice, Directs Fresh Adjudication u/s 250(6) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Chennai-ITAT-Sets-Aside-CITA-Order-for-Violating-Violating-Natural-Justice-natural-justice-taxscan.jpg "ITAT sets aside CIT(A) Order for Violating Natural Justice, Directs Fresh Adjudication u/s 250(6) [Read Order]")
![Is Cash a Thing under GST Section 67(2)? Supreme Court to Decide [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2024/12/GST-Supreme-Court-Goods-and-Services-Tax-GST-Section-67-TAXSCAN.jpg "Is Cash a Thing under GST Section 67(2)? Supreme Court to Decide [Read Judgement]")